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�� vvork has been completed to I,ender's satisfaction, provided that such inspection shall be undertaken prornptly. L,ender may disburse proceeds for the repairs and restoration in a single payment or in a series of pragress payments as the work is completed. Unless an agreement is made in writing or Applicable Law requires interest to be paid on such insurance praceeds, Lender shall not be required to pay Borrower any interest ar earnings an such proceeds. Fees for public adjusters, or other third parties, retained by Borrower shall not be paid out of the insurance proceeds and shall be the sole obligation of Borrower. If the restoration or repair is not economically feasible or Lender's security would be lessened, the insurance proceeds shall be applied to the sums secured by this Security Instrument, whether or not then due, with the excess, if any, paid to Borrower. Such insurance proceeds shall be applied in the order provided for in Section 2, If Borrower abandans the Property, I.ender may file, negotiate and settle any available insurance claim and related matters. If Borrowar does not respond within 30 days to a notice from Lender that the insurance carrier has offered to settle a claim, then Lender may negotiate an.d settle the claim. The 30-day period will begin when the notice is given, In either event, or if I.ender acquires tha Property under Section 22 or otherwise, Barrower hereby assigns to Lender (a) Borrower's rights to any insurance proceeds in an amount not ta exceed tkie amounts unpaid under the Note or this Secur►ty Inscrument, and (b) any other of Borrower's rights (other than the right to any refund of unearned premiums paid by Borrower) under all insurance policies covering the Property, insofar as such rights are applicable to the coverage of the Property. Lender rnay use the insurance proceeds either to repair or restare the Property or to pay amounts unpaid under the.Note ar ihis Security Instnunent, whether or not then due. 6. Occupancy. Borrower sha,ll accupy, establish, and use Che Property as Borrower's principal residence within b0 days after the execution of this Security Instrument and shall continue to occupy the Property as Borrower's principal residence fox at least one year after the date of occupancy, unless Lender otherwise agrees in writing, which consent shall not be unreasonably withheld, or unless extenuating circumstances exist which are beyond Borrower's control. 7. Preservation, Maintenance and Protection of the Property; Inspections. Borrower shall not destroy, damage or irnpair the Prpperty, allow the Property to deteriorate vr commit waste on the Property. Whether or not Borrower is residing in the Property, Borrower shall maintain the Property in order to prevent the Property from deteriorating or decreasing in value due to its condition. Unless it is determined pursuant to Section 5 that repair or restoratian is not economically feasible, Borrower shall promptly repair the Property if darnaged to avoid further deteripration or damage. If insurance or condemnation proceeds are paid in connection with damage to, ar the taking of, the Property, Borrower shall be responsible for repairing or restoring the Property only if Lender has released proceeds for such purposes. Lender rnay disburse proceeds for the repairs and restoration in a single payment or in a series of progress payments as the work is completed. If the insurance or condemnation proce.�ds are not suf�cient to repair or restore the Praperty, Borrower is not relieved of Borrower's obligation for t1�e com.pletion of such repair or restoration. Lender or its agent may make reasonable entries upon and inspections of the Property. If it has reasonable cause, Lender may inspect the interior of the improvements on the Property. Lender shall give Bandwer natice at the time of or prior to such an interior inspection specifying such reasonable cause. S. Barrower's Loan Application. Barrower shall be in default if, during the Loan application process, Borrower or any persons or entitics acting at the direction of Borrower or with Banower's knowledge or consent gave rnaterially false, misleading, or ivaccurate information or statements to Lender (or failed to pravide Lender with material information) in connection with the Laan. Material representations include, but are not linnited to, representations concerning Borrower's occupancy of the Property as Borrower's principal residence. NEBRASKA - Single Family - Fannie Mae/Freddie Mac UNIFORM INSTRUMENT �-B(NE) (0811) Pege 7 of 1 fi in�c�eis: � Form 3028 7/01 S �s � � � f : ; r